Sulphates; of Copper Price in South Korea - 2022
Contents:
- Sulphates; of Copper Price in South Korea (CIF) - 2022
- Sulphates; of Copper Price in South Korea (FOB) - 2022
- Sulphates; of Copper Imports in South Korea
- Sulphates; of Copper Exports in South Korea
Sulphates; of Copper Price in South Korea (CIF) - 2022
In December 2022, the average sulphates; of copper import price amounted to $5,678 per ton, picking up by 4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 20% against the previous month. Over the period under review, average import prices hit record highs at $6,905 per ton in September 2022; however, from October 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Austria ($9,504 per ton), while the price for Taiwan (Chinese) ($2,168 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.4%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Copper Price in South Korea (FOB) - 2022
In December 2022, the average sulphates; of copper export price amounted to $4,291 per ton, picking up by 21% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in August 2022 an increase of 24% against the previous month. The export price peaked at $4,629 per ton in January 2022; however, from February 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Australia ($5,317 per ton), while the average price for exports to Vietnam ($3,290 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (0.0%), while the prices for the other major destinations experienced a decline.
Sulphates; of Copper Imports in South Korea
Sulphates; of copper imports into South Korea shrank to 3.9K tons in 2022, waning by -11.4% against the previous year. In general, imports saw a slight setback. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of 4.4K tons, and then reduced in the following year.
In value terms, sulphates; of copper imports dropped to $20M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of $24M, and then shrank in the following year.
| Import of Sulphates; of Copper in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.3 | 9.8 | 14.1 | 12.1 | 18.3% |
| Thailand | 2.6 | 2.1 | 3.7 | 3.1 | 6.0% |
| Japan | 1.6 | 2.3 | 2.5 | 2.1 | 9.5% |
| China | 1.7 | 1.5 | 1.5 | 1.3 | -8.6% |
| Peru | 0.1 | 0.2 | 1.0 | 0.8 | 100.0% |
| Taiwan (Chinese) | 0.4 | 0.1 | 0.4 | 0.3 | -9.1% |
| Others | 0.5 | 0.6 | 0.5 | 0.4 | -7.2% |
| Total | 14.1 | 16.6 | 23.7 | 20.1 | 12.5% |
Top Suppliers of Sulphates; of Copper to South Korea in 2022:
- United States (1263.8 tons)
- Thailand (1017.1 tons)
- China (589.0 tons)
- Japan (479.2 tons)
- Peru (353.0 tons)
- Taiwan (Chinese) (146.5 tons)
Sulphates; of Copper Exports in South Korea
After two years of decline, overseas shipments of sulphates; of coppers increased by 22% to 793 tons in 2022. Overall, exports, however, showed a abrupt contraction.
In value terms, sulphates; of copper exports shrank to $2.3M in 2022. Over the period under review, exports, however, saw a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 8.4% against the previous year.
| Export of Sulphates; of Copper in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,518 | 1,481 | 2,122 | 1,735 | 4.6% |
| Malaysia | 723 | 490 | 56.6 | 341 | -22.2% |
| China | 241 | 159 | 118 | 139 | -16.8% |
| Others | 121 | 42.7 | 58.9 | 48.6 | -26.2% |
| Total | 2,603 | 2,172 | 2,356 | 2,264 | -4.5% |
Top Export Markets for Sulphates; of Copper from South Korea in 2022:
- Vietnam (593.9 tons)
- Malaysia (140.8 tons)
- China (45.1 tons)
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